Viking (NYSE:VIK) Price Target Raised to $75.00 at Mizuho

Viking (NYSE:VIK) had its price target hoisted by research analysts at Mizuho from $69.00 to $75.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Mizuho’s price target indicates a potential downside of 11.04% from the stock’s previous close.

VIK has been the subject of a number of other reports. Morgan Stanley reiterated an “equal weight” rating and set a $86.00 price target (up from $81.00) on shares of Viking in a report on Friday. Rothschild & Co Redburn set a $95.00 target price on Viking and gave the stock a “buy” rating in a report on Tuesday, April 14th. Wall Street Zen lowered Viking from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. raised their price objective on shares of Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Finally, Citigroup reiterated a “buy” rating on shares of Viking in a research note on Friday. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.14.

Viking Stock Performance

NYSE:VIK opened at $84.31 on Friday. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.77 and a current ratio of 0.79. Viking has a fifty-two week low of $42.20 and a fifty-two week high of $92.00. The company has a 50 day simple moving average of $76.64 and a two-hundred day simple moving average of $71.94. The company has a market capitalization of $37.58 billion, a PE ratio of 32.91, a P/E/G ratio of 1.51 and a beta of 1.57.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). Viking had a net margin of 17.65% and a return on equity of 240.75%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company earned ($0.24) EPS. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. Research analysts anticipate that Viking will post 3.31 earnings per share for the current year.

Insiders Place Their Bets

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of Viking stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the transaction, the executive vice president directly owned 420,022 shares of the company’s stock, valued at $33,698,365.06. The trade was a 9.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Federated Hermes Inc. grew its position in Viking by 381.8% in the 3rd quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock worth $526,792,000 after purchasing an additional 6,715,666 shares in the last quarter. Norges Bank purchased a new position in shares of Viking in the 4th quarter worth approximately $372,297,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Viking by 80.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock valued at $504,601,000 after acquiring an additional 3,615,969 shares in the last quarter. Invesco Ltd. increased its position in shares of Viking by 32.8% during the third quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock valued at $873,246,000 after acquiring an additional 3,471,244 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Viking by 316.8% during the fourth quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock valued at $316,082,000 after acquiring an additional 3,364,265 shares during the last quarter. 98.84% of the stock is owned by institutional investors.

Trending Headlines about Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking posted Q1 EPS of -$0.11, matching expectations, while revenue of $1.05 billion topped estimates and rose 17.5% year over year, helping reinforce the view that demand remains solid. Article title
• Positive Sentiment: Multiple reports noted the stock rising after earnings because results came in ahead of Wall Street revenue expectations and the company highlighted strong advanced bookings, suggesting good visibility into future travel demand. Article title
• Positive Sentiment: Viking said it is well positioned for 2027 thanks to strong advanced bookings, which supports the bull case for sustained growth in the cruise business. Article title
• Neutral Sentiment: The company announced Leah Talactac as the new CEO, with Torstein Hagen moving to executive chairman. Investors may view the succession as orderly, but it also puts leadership continuity and capital allocation under closer scrutiny. Article title
• Neutral Sentiment: Commentary around the CEO shift also highlighted Viking’s valuation and debt profile, which could limit upside if investors become more cautious about balance-sheet risk. Article title
• Negative Sentiment: Rising fuel costs are still a headwind, though stronger revenue growth is currently helping offset that pressure. Article title

Viking Company Profile

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.